Capital

Where the money is moving — and why.

Inside the rounds, secondaries, and credit lines reshaping the next decade of business. Reported from sources, not press releases.

Marek Spilvern

Private credit is quietly eating venture's lunch

The funding rounds nobody is announcing are reshaping who actually owns the next decade.

By Nzola Brackenfield·April 20, 2026·8 min read

More capital stories arrive every Friday.

After ninety days inside a struggling Series B, the playbook that worked had nothing to do with the playbook everyone else was running.

By Edrin Vassweather·7 min read

A weekly memo replaces three meetings. The math is brutal — and rarely done.

By Henrick Stovenmark·6 min read

Three partners on what conviction actually looks like in a first meeting.

By Camilla Verdoso·5 min read